📊 XAU/USD Technical Analysis (H1)
Gold is currently trading around $4,066, with price action showing a tug-of-war between buyers and sellers after a sharp bearish breakout. The market has entered a consolidation phase at lower levels.
🔹 Two consecutive small-bodied candles with long lower wicks have formed on the H1 chart, signaling buying interest near support and profit-taking from short sellers.
🔹 This price behavior suggests that dip buyers are accumulating below $4,050, slowing the bearish momentum in the short term.
🔹 During the European session, gold is expected to remain range-bound, but the broader trend remains bearish unless key resistance levels are broken.
🎯 Key Levels
Resistance: $4,080 – $4,093
Support: $4,055 – $4,050
📉 Trading Strategy
🔴 SELL: 4,078 – 4,080
🎯 TP: 4,055
🛑 SL: 4,095
📌 Bias remains bearish while price stays below the $4,093 resistance zone. Sellers may look for opportunities on rallies toward resistance.
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